TFADX Fees and Costs — TFA Multidimensional Tactical Fund, Class I
Data updated: 2021-08-18
The net expense ratio is 2.13%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $67K in broker commissions, 0.1570% of average net assets, and portfolio turnover was 934%.
TFADX Fees and Expenses
Annual operating expenses and sales charges of TFADX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.74% |
| Gross expense ratio | 2.13% |
| Fee waiver | — |
| Net expense ratio | 2.13% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TFADX Costs Over Time
On $10,000 invested in TFADX, assuming 5% a year before costs, total costs come to $1,394 over 5 years, cutting the return by 2.40% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.13%) | $224 | $689 | $1,178 |
| Trading costs (broker commissions) | $16 | $51 | $87 |
| Lost growth on money paid in costs | $0 | $37 | $129 |
| Total costs | $240 | $776 | $1,394 |
| Value after costs | $10,260 | $10,800 | $11,369 |
| Impact on return, per year | 2.40% | 2.40% | 2.40% |
TFADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1570%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 934%
- Securities lending: none during the year
TFADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers, LLC | $67K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.